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The Corliss steam engine featured at the 1876 American Centennial, a showcare of American System progress.

Welcome to AmericanSystemNow!

NOTE TO SUBSCRIBERS: IF YOU USE GMAIL, OUR MAILINGS MAY BE DIVERTED TO PROMOTIONS. YOU CAN ENSURE AGAINST IT BY ADDING AMERICANSYSTEMNOW@GMAIL.COM TO YOUR ADDRESS BOOK. By Nancy Spannaus, editor March 10, 2020–When I first read Alexander Hamilton’s Report on Manufactures some 40 years ago, it transformed my understanding of […]

by March 10, 2020 About
FDR signing Glass-Steagall in June 1933.

A Timely Argument for Glass-Steagall

By Nancy Spannaus* Oct. 14, 2020—The Oct. 2 release of Arthur Wilmarth’s new book calling for a new Glass-Steagall law is timely, and critical.  Unfortunately, it is not clear that the relevant political figures are yet prepared to listen. Wilmarth’s book is entitled Taming the Megabanks: Why We Need a […]

by October 14, 2020 Glass-Steagall, News
A dramatization of Poe's Masque of the Red Death. Will it come true?

Will Death Have Dominion Over All?

By Angela Vullo Oct 11, 2020–On February 2 of this year I penned an article quoting Edgar Allan Poe’s “Masque of the Red Death,” an analogy more ominously appropriate now than at the time. And now was acknowledged the presence of the Red Death. He had come like a thief […]

by October 11, 2020 Commentary, healthcare
Kudos for Hamilton’s Report on Manufactures

Kudos for Hamilton’s Report on Manufactures

A Review of Christian Parenti’s Radical Hamilton By Nancy Spannaus Oct. 10, 2020–“Hamilton’s Report on Manufactures is the Rosetta Stone of his economic thinking,” I asserted in my 2019 book Hamilton Versus Wall Street, and called for a debate on resurrecting his policies. My evaluation of Hamilton’s report and its […]

by October 10, 2020 Alexander Hamilton, Review
FDR speaks to the nation at his Inaugural

Nation at a Crossroads, Just like 1933

By Angela Vullo September 29, 2020–Ask yourself: Would our country exist today if Franklin Roosevelt had not been elected President? During his four terms, President Roosevelt was faced with two foes, one domestic and one foreign, with an ominous overlap between the two. In the same year that Roosevelt was […]

by October 1, 2020 Commentary, Infrastructure Bank
The author in the Treasury Cash Room in spring 2018, Only a photo op.

Spannaus to Address Treasury Group on Hamilton

September 19, 2020–I am pleased to announce that on September 23, I will challenge the myths about Alexander Hamilton in a  lecture sponsored by the Treasury Historical Association (THA). My talk, addressed to the Treasury group via internet platform, will be based on my 2019 book Hamilton Versus Wall Street: […]

by September 19, 2020 Alexander Hamilton, News
A funeral for a teen who committed suicide.

Death of a Generation?

By Angela Vullo “He never made a lot of money. His name was never in the paper. He’s not the finest character that ever lived.  But he’s a human being, and a terrible thing is happening to him. So attention must be paid. He’s not to be allowed to fall […]

by September 18, 2020 Commentary, Infrastructure Bank
Bound copies of Carey's American Museum

The Indispensable Role of Mathew Carey

By Nancy Spannaus Sept. 14, 2020—As I am preparing for a class series on my book Hamilton Versus Wall Street, as well as a presentation at the Treasury Historical Association on Sept. 23, I have been struck once again with the importance of Mathew Carey in carrying forward the Hamiltonian […]

by September 14, 2020 Commentary, History
A group of workers in Southern California.

How to Celebrate Labor Today

By Nancy Spannaus Sept. 6, 2020—In many respects there is little to celebrate on this Labor Day 2020. Tens of millions of American workers are unemployed; millions more have dropped out of the labor force; organized labor’s role is in steep decline; manufacturing employment has dropped to dangerously low levels; […]

by September 6, 2020 Commentary, Infrastructure
FDR joins youth at a CCC camp.

FDR’s 1936 Acceptance Speech

Sept. 2, 2020—My reaction to watching most of the Democratic and Republican conventions can be summed up in one phrase: Wall Street is the winner. Neither party has taken on the reality of the economic and social collapse which the predatory Wall Street financial system has wrought, nor has it […]

by September 2, 2020 Commentary, History
Coalition Mobilizes Dems for Infrastructure Bank

Coalition Mobilizes Dems for Infrastructure Bank

By Nancy Spannaus Aug. 20, 2020—Democrats looking for a comprehensive solution to the economic crisis that is threatening the very integrity of the United States as a nation, had a place to turn during the virtual Democratic National Convention this week. In a webinar featuring local union leaders, state representatives, […]

by August 20, 2020 Infrastructure Bank, News